Cohere Targets Up to US$5 Billion in Series E at US$20.5 Billion Pre-Money Valuation

Cohere has announced the initial close of a Series E financing targeting up to CAD $7 billion, or about US$5 billion. Bloomberg reported a US$20.5 billion pre-money valuation, roughly triple Cohere's valuation in its 2025 fundraise. The company named Schwarz Group as lead investor, with Bell Ventures, Bullhound Capital and the Government of Canada joining as new investors. Inovia Capital, NVIDIA and Prosperity7 Ventures are returning investors, according to Cohere's announcement.